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  • There have been so many bank acquisitions in the US in the past few weeks it is tempting to think that the financial mergers & acquisition boom must now be over. Simply, it seems there are few suitable banks or investment banks left to buy. In truth, the acquisition wave has only just begun.
  • Why does Chase Manhattan Bank's television commercial feature Manchester United slotting goals into the net to a Cantonese commentary? The footage appears courtesy of the biggest football match in Hong Kong this year, which Chase sponsored and made possible - the clash between English champions Manchester United, and the top Hong Kong side South China. Chase is believed to have spent HK$10 million ($1.3 million) to persuade Manchester's "red devils" to come to post-handover Hong Kong.
  • In Euromoney's annual ranking of non-US fund managers, in cooperation with Intersec Research Corporation, the dominant position of the Japanese and Swiss giants is threatened only by further exchange rate movements, and perhaps AXA of France. The global consolidation continues. By Jim Sirius.
  • It's been a year of upheaval for banks in emerging markets. Thailand, Korea and Mexico have been particularly badly affected. The biggest losers in our ranking were public-sector banks. By Robin Monro-Davies, managing director of IBCA.
  • Issuer: City of Stockholm
  • Emu will accelerate the concentration of the forex market towards a few big banks. But will that harm liquidity? By Guy Whittaker.
  • The biggest question-mark over the introduction of the euro is how to fix its rate against existing currencies. Paul De Grauwe suggests some solutions.
  • It's not yet clear how exactly the new European Central Bank will function. Will it, for example, be as independent as the Bundesbank, or will national central bank governors hold sway? By Tess Read.
  • Members of the European Parliament, forced to run between Brussels, Strasbourg and their constituencies, are the unheeded conscience of Europe. With monetary union, their role may gain stature - they wish. David Shirreff reports.
  • Expect a bull market in shares after Emu. Equities will benefit from higher earnings growth, lower capital costs and a larger pool of domestic funds flows. By Julian Edwards.
  • Think the unthinkable for a moment. If Emu were cancelled, what would be the result: chaos in the markets? The end of the European Union? Perhaps nothing terrible at all. By Tess Read.
  • Nick Leeson, the man behind the Barings disaster, is still attracting controversy despite his sojourn at Tanah Merah jail, Singapore. Two rival films on the bank's downfall are set to hit the public some time in 1998, one a BBC drama, the other a feature film based on Leeson's book, Rogue Trader.